UNITED
STATES
 SECURITIES
AND EXCHANGE COMMISSION
 Washington,
D.C. 20549
 
 Form
10-Q
 
 (Mark
One)
 [X]
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
 ACT
OF 1934
 
 For
the Quarterly Period Ended December 31, 2009
 OR
 [
] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE
 ACT
OF 1934
 
 For the
transition period from _____________ to _____________
 Commission
file number 333-151419
 
 RANGER GOLD
CORP.
 (Exact
name of registrant as specified in its charter)
 
 2533 N.
Carson St., Suite 5018
 Carson City, Nevada
89706
 (Address
of principal executive offices) (Zip Code)
 
 (775)
888-3133
 (Registrant's
telephone number, including area code)
 
 _____________________Fenario,
Inc.______________________
 (Former
name, former address and former fiscal year, if changed since last
report)
 
 Indicate
by check mark whether the registrant (1) has filed all reports required to be
filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. [X] Yes
 [  ]
No
 
 Indicate
by check mark whether the registrant is a large accelerated filer, an
accelerated filer, a non-accelerated filer, or a smaller reporting company. See
the definitions of “large accelerated filer,” “accelerated filer” and “smaller
reporting company” in Rule 12b-2 of the Exchange Act.
 
 Large
      accelerated filer  [  ]
              Accelerated
      filer  [  ]Non-accelerated
      filer [  ]
              Smaller
      reporting company  [X](Do
      not check if a smaller reporting company)
 
 Indicate
by check mark whether the registrant is a shell company (as defined in Rule
12b-2 of the Exchange
Act).  Yes  [   ]  No
[X]
 
 Indicate
the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date: 49,550,000 shares of common stock,
$0.001 par value, issued and outstanding as of February 9, 2010.
 
  1
  
 
 TABLE OF
CONTENTS
 
 PagePART
      I  - Financial Information
              3Item
      1. Financial Statements
              3Balance
      Sheets December 31, 2009 (unaudited), and March 31, 2009
              3Statements
      of Operations (unaudited) for the three and nine-month periods
      ended
              4December
      31, 2009 and 2008, and for the period from inceptionon
      May 11, 2007 to December 31, 2009.Statements
      of Cash Flows (unaudited) for the nine-month periods ended
              5December
      31, 2009 and 2008, and for the period from inceptionon
      May 11, 2007 to December 31, 2009.Notes
      to the Financial Statements
              6Item
      2. Management’s Discussion and Analysis or Plan of
    Operation
              10Item
      3 Controls and Procedures
              15PART
      II – Other Information
              15Item
      1.  Legal Proceedings
              16Item
      2. Unregistered Sales of Equity Securities and Use of
    Proceeds
              16Item
      3. Defaults Upon Senior Securities
              16Item
      4. Submission of Matters to a Vote of Security Holders
              16Item
      5. Other Information
              16Item
      6. Exhibits
              16
 
  2
  
 Item
1.  Financial Statements.
 RANGER
GOLD CORP.
 (formerly
Fenario, Inc.)
 (An
Exploration State Company)
 BALANCE
SHEETS
 
 (Unaudited)December
      31,
              
              
              March
      31,2009
              
              
              2009ASSETS:Current
      Assets:Cash
              
              $
              -
              
              
              $
              340Total
      Current Assets
              
              
              -
              
              
              
              340Total
      Assets
              
              $
              -
              
              
              $
              340LIABILITIES
      & STOCKHOLDERS’ EQUITY:Current
      Liabilities:Accounts
      Payable and Accrued Liabilities
              
              $
              39,376
              
              
              $
              1,170Loan
      Payable (Note 2)
              
              
              -
              
              
              
              15,500Promissory
      Note Payable (Note 3)
              
              
              20,000
              
              
              
              -Total
      Current Assets
              
              
              59,376
              
              
              
              16,670Stockholders'
      Equity:Preferred
      Stock, Par Value $.0001Authorized
      5,000,000 shares,No
      shares issued at December 31, 2009 and March 31, 2009
              
              
              -
              
              
              
              -Common
      Stock, Par Value $.0001Authorized
      500,000,000 shares,45,000,000
      shares issued atDecember
      31, 2009 and March 31, 2009
              
              
              4,500
              
              
              
              4,500Paid-In
      Capital
              
              
              72,035
              
              
              
              36,000Deficit
      Accumulated Since Inception of the Development Stage
              
              
              (135,911
              )
              
              
              (56,830
              )Total
      Stockholders' (Deficit) Equity
              
              
              (59,376
              )
              
              
              (16,330
              )Total
      Liabilities and Stockholders' Equity
              
              $
              -
              
              
              $
              340
 
 
 The
accompanying notes are an integral part of these financial
statements.
  3
  RANGER
GOLD CORP.
 (formerly
Fenario, Inc.)
 (An
Exploration State Company)
 STATEMENTS
OF OPERATIONS
 (Unaudited)
 
 CumulativeSinceFor
      the Three Months
              
              
              For
      the Nine Months
              
              
              May
      11, 2007Ended
              
              
              Ended
              
              
              (Inception)
      toDecember
      31,
              
              
              December
      31,
              
              
              December
      312009
              
              
              2008
              
              
              2009
              
              
              2008
              
              
              2009Revenues
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -
              
              
              $
              -Cost
      of Revenues
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -Gross
      Margin
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -
              
              
              
              -Expenses:Mineral
      Property Acquisition   and Exploration
      Expenditures
              
              
              43,512
              
              
              
              -
              
              
              
              43,512
              
              
              
              -
              
              
              
              43,512General
      and Administrative
              
              
              19,364
              
              
              
              4,260
              
              
              
              35,194
              
              
              
              40,910
              
              
              
              91,854Net
      Loss from Operations
              
              
              (62,876
              )
              
              
              (4,260
              )
              
              
              (78,706
              )
              
              
              (40,910
              )
              
              
              (135,366
              )Interest
      Expense
              
              
              -
              
              
              
              -
              
              
              
              (375
              )
              
              
              -
              
              
              
              (545
              )Net
      Loss
              
              $
              (62,876
              )
              
              $
              (4,260
              )
              
              $
              (79,081
              )
              
              $
              (40,910
              )
              
              $
              (135,911
              )Basic
      and DilutedLoss
      per Share
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )
              
              $
              (0.00
              )Weighted
      Average SharesOutstanding
      (1)
              
              
              45,000,000
              
              
              
              45,000,000
              
              
              
              45,000,000
              
              
              
              45,000,000
 
 
 (1)
              Share
      amounts have been adjusted to reflect the 5:1 forward stock split
      completed January 21, 2009.
 
 
 
 
 The
accompanying notes are an integral part of these financial
statements.
 
  4
  RANGER
GOLD CORP.
 (formerly
Fenario, Inc.)
 (An
Exploration State Company)
 STATEMENTS
OF CASH FLOWS
 (Unaudited)
 
 CumulativeSinceMay
      11, 2007For
      the Nine Months Ended
              
              
              (Inception)
      toDecember
      31,
              
              
              December
      312009
              
              
              2008
              
              
              2009CASH
      FLOWS FROM OPERATING ACTIVITIES:Net
      Loss
              
              $
              (79,081
              )
              
              $
              (40,910
              )
              
              $
              (135,911
              )Adjustments
      to Reconcile Net Loss to NetCash
      Used in Operating Activities:Promissory
      Note Issued for Mineral Property OptionPayment
      (Note 3)
              
              
              20,000
              
              
              
              -
              
              
              
              20,000Change
      in Operating Assets and Liabilities:Decrease
      in Deferred Offering Costs
              
              
              -
              
              
              
              7,500
              
              
              
              -Increase
      (Decrease) in Accounts Payable
              
              
              56,911
              
              
              
              (1,500
              )
              
              
              58,081Net
      Cash Used in Operating Activities
              
              
              (2,170
              )
              
              
              (34,910
              )
              
              
              (57,830
              )CASH
      FLOWS FROM INVESTING ACTIVITIES:Net
      Cash Used in Investing Activities
              
              
              -
              
              
              
              -
              
              
              
              -CASH
      FLOWS FROM FINANCING ACTIVITIES:Proceeds
      from Sale of Common Stock
              
              
              -
              
              
              
              -
              
              
              
              40,500Net
      Proceeds from Loan Payable (Note 2)
              
              
              1,830
              
              
              
              3,000
              
              
              
              17,330Net
      Cash Provided by Financing Activities
              
              
              1,830
              
              
              
              3,000
              
              
              
              57,830Net
      (Decrease) Increase in Cash and Cash Equivalents
              
              
              (340
              )
              
              
              (31,910
              )
              
              
              -Cash
      and Cash Equivalents at Beginning of Period
              
              
              340
              
              
              
              32,150
              
              
              
              -Cash
      and Cash Equivalents at End of Period
              
              $
              -
              
              
              $
              240
              
              
              $
              -
  SUPPLEMENTAL
      DISCLOSURE OF CASH FLOW
INFORMATION:
 
 Cash
      paid during the year for:Interest
                
                $
                -
                
                
                $
                -
                
                
                $
                -Income
      taxes
                
                $
                -
                
                
                $
                -
                
                
                $
                -
 
 SUPPLEMENTAL
      DISCLOSURE OF NON-CASH INVESTING AND FINANCING
  ACTIVITIES:
 
 Settlement
      of Note Payable by a Contribution from a Shareholder (Note
    2)
                
                $
                17,330
                
                
                $
                -
                
                
                $
                17,330Settlement
      of Accounts Payable by a Contribution from a Shareholder
                
                $
                18,705
                
                
                $
                -
                
                
                $
                18,705
 
 
 The
accompanying notes are an integral part of these financial
statements.
 
  5
  RANGER
GOLD CORP.
 (formerly
Fenario, Inc.)
 (An
Exploration State Company)
 NOTES TO
FINANCIAL STATEMENTS
 
 NOTE 1 -
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
 This
summary of accounting policies for Ranger Gold Corp. (formerly Fenario, Inc.)
(An Exploration State Company) is presented to assist in understanding the
Company's financial statements.  The accounting policies conform to
generally accepted accounting principles and have been consistently applied in
the preparation of the financial statements.
 
 Organization
and Basis of Presentation
 
 Ranger
Gold Corp. (formerly Fenario, Inc.) (“the Company”) was incorporated on May 11,
2007 under the laws of the State of Nevada.  The Company’s business at
that time was the development and licensing of proprietary software solutions
for healthcare providers, health care professionals and health insurance
companies.  On October 28, 2009 the Company’s principal shareholder
entered into a Stock Purchase Agreement which provided for the sale of 5,000,000
shares of common stock of the Company to Gurpartap (Gary) Singh
Basrai.
 
 Effective
as of October 28, 2009, in connection with the share acquisition, Mr. Basrai was
appointed President, Chief Executive Officer, Chief Financial Officer,
Treasurer, Director, and Chairman of the Company.
 
 On
November 9, 2009, Mr. Basrai, as the holder of 5,000,000 (representing 55.5%) of
the issued and outstanding shares of the Company’s common stock, provided the
Company with written consent in lieu of a meeting of stockholders authorizing
the Company to amend the Company’s Articles of Incorporation for the purpose of
changing the name of the Company from “Fenario, Inc.” to “Ranger Gold
Corp.”  In connection with the change of the Company’s name to Ranger
Gold Corp. the Company’s business was changed to mineral resource
exploration.  The change in name and business received its final
approval by the regulatory authorities on January 7, 2010.
 
 Nature
of Operations
 
 The
Company has no products or services as of December 31, 2009.  The
Company was established to operate in the development and licensing of
proprietary software solutions for healthcare providers, health care
professionals and health insurance companies.  However, the Company
was not able to proceed in the intended business and on October 28, 2009 a
change of control of the Company took place.  Subsequent to the change
of control the Company became a mineral resource exploration company and will
continue to seek opportunities in this field.  The Company is
currently engaging in the acquisition, exploration, and if warranted and
feasible, development of natural resource properties.
 
 Interim
Reporting
 
 The
unaudited financial information furnished herein reflects all adjustments, which
in the opinion of management are necessary to fairly state the financial
position of Ranger Gold Corp. and the results of its operations for the periods
presented.  This report on Form 10-Q should be read in conjunction
with the Company’s financial statements and notes thereto included in the
Company’s Form 10-K for the fiscal year ended March 31, 2009.  The
Company assumes that the users of the interim financial information herein have
read or have access to the audited financial statements for the preceding fiscal
year and that the adequacy of additional disclosure needed for a fair
presentation may be determined in that context.  Accordingly, footnote
disclosure, which would substantially duplicate the disclosure contained in the
Company’s Form 10-K for the fiscal year ended March 31, 2009 has been
omitted.  The results of operations for the three and nine-month
periods ended December 31, 2009 are not necessary indicative of results for the
entire year ending March 31, 2010.
 
  6
  RANGER
GOLD CORP.
 (formerly
Fenario, Inc.)
 (An
Exploration State Company)
 NOTES TO
FINANCIAL STATEMENTS
 (Continued)
 
 NOTE 1 -
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
 
 Going
Concern
 
 The
accompanying financial statements have been prepared assuming the Company will
continue as a going concern.
  As shown
in the accompanying financial statements, the Company has incurred a net loss of
$135,911 for the period from May 11, 2007 (inception) to December 31, 2009, and
has no sales.  The future of the Company is dependent upon its ability
to obtain future financing and upon future profitable operations from the
development of its mineral property.  In January 2010 the Company
completed a financing for total proceeds of $82,500.  However,
management is currently seeking additional capital that will be required in
order to continue to operate in the future.  The financial statements
do not include any adjustments relating to the recoverability and classification
of recorded assets, or the amounts of and classification of liabilities that
might be necessary in the event the Company cannot continue in
existence.
  If the
Company were unable to continue as a “going concern”, then substantial
adjustments would be necessary to the carrying values of assets, the reported
amounts of its liabilities, the reported expenses, and the balance sheet
classifications used.
 
 Cash
and Cash Equivalents
 
 For
purposes of the statement of cash flows, the Company considers all highly liquid
debt instruments purchased with a maturity of three months or less to be cash
equivalents to the extent the funds are not being held for investment
purposes.
 
 Pervasiveness
of Estimates
 
 The
preparation of financial statements in conformity with generally accepted
accounting principles required management to make estimates and assumptions that
affect the reported amounts of assets and liabilities and disclosure of
contingent assets and liabilities at the date of the financial statements and
the reported amounts of revenues and expenses during the reporting
period.  Actual results could differ from those
estimates.
 
 Concentration
of Credit Risk
 
 The
Company has no off-balance-sheet concentrations of credit risk such as foreign
exchange contracts, options contracts or other foreign hedging
arrangements.  The Company maintains the majority of its cash balances
with one financial institution, in the form of demand deposits.
 
 Loss
per Share
 
 Net
income (loss) per share is computed by dividing the net income by the weighted
average number of shares outstanding during the period.
 
 Comprehensive
Income
 
 The
Company has adopted SFAS No. 130, "Reporting Comprehensive Income", which
establishes standards for reporting and display of comprehensive income, its
components and accumulated balances.  The Company is disclosing this
information on its Statement of Operations.  Comprehensive income is
comprised of net income (loss) and all changes to capital deficit except those
resulting from investments by owners and distribution to owners.
 
  7
  RANGER
GOLD CORP.
 (formerly
Fensario, Inc.)
 (An
Exploration State Company)
 NOTES TO
FINANCIAL STATEMENTS
 (Continued)
 
 NOTE 1 -
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
(Continued)
 
 Exploration
and Development Costs
 
 On May
11, 2007, the Company was formed and until October 2009 conducted only minimal
administrative activities.  The Company has been in the exploration
state since that time and has not yet realized any revenue from its planned
operations. It is primarily engaged in the acquisition, exploration and
development of mining properties. Mineral exploration costs and payments related
to the acquisition of the mineral rights are expensed as incurred.
 
 When it
has been determined that a mineral property can be economically developed as a
result of establishing proven and probable reserves, the costs incurred to
acquire and develop such property will be capitalized. Such costs will be
amortized using the units-of-production method over the estimated life of the
probable reserve.
 
 NOTE 2 -
LOAN PAYABLE
 
 The loan
payable was due on demand and bore interest at 5% per annum.  Upon the
acquisition of control by Mr. Basrai on October 28, 2009 the loan and accrued
interest in the total amount of $17,330 was forgiven by the lender.
 
 NOTE 3 –
PROMISSORY NOTE PAYABLE
 
 On
November 27, 2009 as part of its acquisition of the CX Property (Note 4) the
Company issued a 90-day non-interest bearing promissory note that is due on
February 25, 2010.  The promissory note was issued in lieu of the
initial $20,000 cash payment due upon the execution of the CX Property Option
Agreement.
 
 NOTE 4 –
MINERAL EXPLORATION PROPERTY
 
 On
November 27, 2009 the Company executed a property option agreement (the
“Agreement”) with MinQuest, Inc. (“MinQuest”) granting the Company the right to
acquire 100% of the mining interests of a mineral exploration property currently
controlled by MinQuest.  The property known as the CX Property is
located in Nye County, Nevada and currently consists of 72 unpatented claims
(the ‘Property”).  Annual option payments and minimum annual
exploration expenditures under Agreement are as noted below:
 Property
              
              WorkPayments
              
              ExpendituresUpon
      Execution of the Agreement
              $
              -
              $
              -By
      February 25, 2010
              
              20,000
              
              -By
      February 25, 2011
              
              20,000
              
              50,000By
      February 25, 2012
              
              20,000
              
              150,000By
      February 25, 2013
              
              30,000
              
              200,000By
      February 25, 2014
              
              40,000
              
              350,000By
      February 25, 2015
              
              50,000
              
              200,000By
      February 25, 2016
              
              50,000
              
              200,000By
      February 25, 2017
              
              50,000
              
              200,000By
      February 25, 2018
              
              50,000
              
              200,000By
      February 25, 2019
              
              50,000
              
              200,000By
      February 25, 2020
              
              100,000
              
              750,000$
              480,000
              $
              2,500,000
 
  8
  RANGER
GOLD CORP.
 (formerly
Fenario, Inc.)
 (An
Exploration State Company)
 NOTES TO
FINANCIAL STATEMENTS
 (Continued)
 
 NOTE 4 –
MINERAL EXPLORATION PROPERTY (Continued)
 
 Upon
execution of the Agreement MinQuest accepted a 90-day, non-interest bearing
promissory note from the Company for the initial $20,000 property option
payment.  The settlement date of the note is February 25,
2010.  At that time the Company will pay MinQuest $20,000 and
reimburse MinQuest for one year of the Property’s annual holdings costs in the
amount of $23,512.
  Since our
payment obligations are non-refundable, if we do not make any payments under the
Agreement we will lose any payments made and all our rights to the Property. If
all said payments under the Agreement are made, then we will acquire all mining
interests in the Property.  If we fail to make any payment when due,
the Agreement gives us a 60-day grace period to pay the amount of the
deficiency.  MinQuest retained a 3% royalty of the aggregate proceeds
received by the Company from any smelter or other purchaser of any ores,
concentrates, metals or other material of commercial value produced from the
Property, minus the cost of transportation of the ores, concentrates or metals,
including related insurance, and smelting and refining charges, including
penalties.
  The
Company may use MinQuest for its mineral exploration expertise on the Property.
Furthermore, both the Company and MinQuest have the right to assign, sell,
mortgage or pledge their rights in each respective Agreement or on each
respective Property. In addition, any mineral interests staked, located, granted
or acquired by either the Company or MinQuest which are located within a 1 mile
radius of the Property will be included in the option granted to the
Company.
 
 The
Agreement will terminate if the Company fails to comply with any of its
obligations in the Agreement and fails to cure such alleged breach. If the
Company gives notice that it denies a default has occurred, the matter shall be
determined finally through such means of dispute resolution as such matter has
been subjected to by either party. The Company also has the right to terminate
the Agreement by giving notice to MinQuest.
 
 NOTE 5 -
EXPLORATION STATE COMPANY - GOING CONCERN
 
 The
Company has not begun principal operations and as is common with a company in
the exploration state, the Company has had recurring
losses.  Continuation of the Company as a going concern is dependent
upon obtaining the additional working capital necessary to be successful in its
planned activity, and the management of the Company has developed a strategy,
which it believes will accomplish this objective through additional equity
funding and long term financing, which will enable the Company to operate for
the coming year.
 
 NOTE 6 –
SUBSEQUENT EVENTS
 
 On
November 9, 2009 the Company received a written consent in lieu of a meeting of
stockholders (the “Written Consent”) from the holder of 5,000,000 (representing
55.5%) of the issued and outstanding shares of our common stock.  The
Written Consent adoptedthe resolution to change
the Company’s name to Ranger Gold Corp.  In connection with the name
change the Written Consent also adopted a resolution to split the Company’s
common stock.  The Board of Directors subsequently approved a 5:1
forward stock split.  The record and payment dates of the forward
split were January 15 and January 21, 2010 respectively.   All of
the common shares issued and outstanding on January 15, 2010 were
split.   All references to share and per share amounts have been
restated in these financial statements to reflect the split.
  9
  
 RANGER
GOLD CORP.
 (formerly
Fenario, Inc.)
 (An
Exploration State Company)
 NOTES TO
FINANCIAL STATEMENTS
 (Continued)
 
 NOTE 6 –
SUBSEQUENT EVENTS (Continued)
 
 On
January 25, 2010 the Company completed a private placement issuing 550,000 units
at $0.15 per unit for total proceeds of $82,500.  The units were
offered by the Company pursuant to an exemption from registration under
Regulation S of the Securities Act of 1933, as amended.  Each unit
consists of one common share of the Company and two non-transferable share
purchase warrants, designated Class A and Class B.  The Class A
warrants are exercisable at a price of $0.25 per share and the Class B warrants
are exercisable at a price of $0.50 per share.  The Class A warrants
are exercisable commencing January 25, 2011 and the Class B warrants are
exercisable commencing January 25, 2012.  Both the Class A and Class B
warrants expire on January 25, 2015.
 
 On
February 3, 2010 the Company adopted its 2010 Stock Option Plan (“the 2010
Plan”).  The 2010 Plan provides for the granting of up to 5,000,000
stock options to key employees, directors and consultants, of common shares of
the Company.  Under the 2010 Plan, the granting of incentive and
non-qualified stock options, exercise prices and terms are determined by the
Company's Option Committee, a committee designated to administer the 2010 Plan
by the Board of Directors.  For incentive options, the exercise price
shall not be less than the fair market value of the Company's common stock on
the grant date. (In the case of options granted to an employee who owns stock
possessing more than 10% of the voting power of all classes of the Company's
stock on the date of grant, the option price must not be less than 110% of the
fair market value of common stock on the grant date.).  Options
granted are not to exceed terms beyond five years.  No stock options
have been granted under the 2010 Plan.
 
 NOTE 7 –
COMPARATIVE BALANCES
 
 Certain
comparative balances have been restated to conform to the current
presentation.
 
 Item
2.                      Management’s
Discussion and Analysis or Plan of Operations.
 
 The
following discussion should be read in conjunction with the financial statements
of Ranger Gold Corp. (the “Company”), which are included elsewhere in this Form
10-Q.  Certain statements contained in this report, including
statements regarding the anticipated development and expansion of the Company's
business, the intent, belief or current expectations of the Company, its
directors or its officers, primarily with respect to the future operating
performance of the Company and the products it expects to offer and other
statements contained herein regarding matters that are not historical facts, are
"forward-looking" statements.  Future filings with the Securities and
Exchange Commission, future press releases and future oral or written statements
made by or with the approval of the Company, which are not statements of
historical fact, may contain forward-looking statements. Because such statements
include risks and uncertainties, actual results may differ materially from those
expressed or implied by such forward-looking statements. For a more detailed
listing of some of the risks and uncertainties facing the Company, please see
the Form 10-K for the year ended March 31, 2009 filed by the Company with the
Securities and Exchange Commission.
 
 All
forward-looking statements speak only as of the date on which they are made. The
Company undertakes no obligation to update such statements to reflect events
that occur or circumstances that exist after the date on which they are
made.
 
  10
  General
 
 Ranger
Gold Corp. (formerly Fenario, Inc.)(the Company”) was incorporated on May 11,
2007 under the laws of the State of Nevada.  The Company’s business at
that time was the development and licensing of proprietary software solutions
for healthcare providers, health care professionals and health insurance
companies.  On October 28, 2009, Uziel Leibowitz, the Company’s
principal shareholder, entered into a Stock Purchase Agreement which provided
for the sale of 5,000,000 shares of common stock of the Company to Gurpartap
(Gary) Singh Basrai.   Effective as of October 28, 2009, in
connection with the share acquisition Mr. Basrai was appointed President, Chief
Executive Officer, Chief Financial Officer, Treasurer, Director, and Chairman of
the Company.  Mr. Basrai was also appointed as a Director of the
Company, which appointment became effective on November 27, 2009 at which time
Mr. Leibowitz resigned as a Director of the Company.  Also on October
28, 2009, Uziel Leibowitz resigned from his positions as the President, Chief
Executive Officer, and Chairman, and Nathan Birnak resigned from his positions
as Secretary and Director.
 
 Effective
as of November 6, 2009 the Board of Directors of the Company elected Paul
Strobel a Director of the Company.
 
 On
November 9, 2009, Mr. Basrai, as the holder of 5,000,000 (representing 55.5%) of
the issued and outstanding shares of the Company’s common stock, provided the
Company with written consent in lieu of a meeting of stockholders authorizing
the Company to amend the Company’s Articles of Incorporation for the purpose of
changing the name of the Company from “Fenario, Inc.” to “Ranger Gold
Corp.”  In connection with the change of the Company’s name to Ranger
Gold Corp. the Company’s business was changed to mineral resource
exploration.  The change in name and business received its final
approval by the regulatory authorities on January 7, 2010.  Included
in the written consent was a resolution to affect a forward stock
split.  The Board of Directors subsequently approved a 5:1 forward
stock split.  The record and payment dates of the forward split were
January 15 and January 21, 2010 respectively.   All of the common
shares issued and outstanding on January 15, 2010 were split.
 
 On
November 27, 2009 the Company executed a property option agreement with
MinQuest, Inc. (“MinQuest”) granting the Company the right to acquire 100% of
the mining interests of a mineral exploration property currently controlled by
MinQuest.  The property known as the CX Property is located in Nye
County, Nevada and currently consists of 72 unpatented claims.
 
 On
January 25, 2010 the Company completed a private placement issuing 550,000 units
at $0.15 per unit for total proceeds of $82,500.  The units were
offered by the Company pursuant to an exemption from registration under
Regulation S of the Securities Act of 1933, as amended.  Each unit
consists of one common share of the Company and two non-transferable share
purchase warrants, designated Class A and Class B.  The Class A
warrants are exercisable at a price of $0.25 per share and the Class B warrants
are exercisable at a price of $0.50 per share.  The Class A warrants
are exercisable commencing January 25, 2011 and the Class B warrants are
exercisable commencing January 25, 2012.  Both the Class A and Class B
warrants expire on January 25, 2015.
 
 On
February 3, 2010 the Company adopted its 2010 Stock Option Plan (“the 2010
Plan”).  The 2010 Plan provides for the granting of up to 5,000,000
stock options to key employees, directors and consultants, of common shares of
the Company.  Under the 2010 Plan, the granting of incentive and
non-qualified stock options, exercise prices and terms are determined by the
Company's Option Committee, a committee designated to administer the 2010 Plan
by the Board of Directors.  For incentive options, the exercise price
shall not be less than the fair market value of the Company's common stock on
the grant date. (In the case of options granted to an employee who owns stock
possessing more than 10% of the voting power of all classes of the Company's
stock on the date of grant, the option price must not be less than 110% of the
fair market value of common stock on the grant date.).  Options
granted are not to exceed terms beyond five years.  No stock options
have been granted under the 2010 Plan.
 
 Financing over the next
twelve months
 
 Over the
next twelve months, the Company intends to explore various properties to
determine whether they contain commercially exploitable reserves of gold and
silver or other metals.  The Company does not intend to hire any
employees or to make any purchases of equipment over the next twelve months, as
it intends to rely upon outside consultants to provide all the tools needed for
the exploratory work being conducted.
 
  11
  Current
cash on hand is insufficient for all of the Company’s commitments for the next
12 months. We anticipate that the additional funding that we require will be in
the form of equity financing from the sale of our common
stock.  However, we cannot provide investors with any assurance that
we will be able to raise sufficient funding from the sale of our common stock to
fund additional phases of the exploration program, should we decide to
proceed.  We believe that debt financing will not be an alternative
for funding any further phases in our exploration program.  The risky
nature of this enterprise and lack of tangible assets places debt financing
beyond the credit-worthiness required by most banks or typical investors of
corporate debt until such time as an economically viable mine can be
demonstrated.  We do not have any arrangements in place for any future
equity financing
 
 Notwithstanding,
we cannot be certain that the required additional financing will be available or
available on terms favorable to us. If additional funds are raised by the
issuance of our equity securities, such as through the issuance and exercise of
warrants, then existing stockholders will experience dilution of their ownership
interest. If additional funds are raised by the issuance of debt or other equity
instruments, we may be subject to certain limitations in our operations, and
issuance of such securities may have rights senior to those of the then existing
holders of common stock. If adequate funds are not available or not available on
acceptable terms, we may be unable to fund expansion, develop or enhance
services or respond to competitive pressures.
 
 Overview
 
 We are a
natural resource exploration company with an objective of acquiring, exploring,
and if warranted and feasible, exploiting natural resource properties. Our
primary focus in the natural resource sector is gold. We do not consider
ourselves a “blank check” company required to comply with Rule 419 of the
Securities and Exchange Commission, because we were not organized for the
purpose of effecting, and our business plan is not to effect, a merger with or
acquisition of an unidentified company or companies, or other entity or person.
We do not intend to merge with or acquire another company in the next 12
months.
 
 Though we
have the expertise on our board of directors to take a resource property that
hosts a viable ore deposit into mining production, the costs and time frame for
doing so are considerable, and the subsequent return on investment for our
shareholders would be very long term indeed. We therefore anticipate optioning
or selling any ore bodies that we may discover to a major mining company. Most
major mining companies obtain their ore reserves through the purchase of ore
bodies found by junior exploration companies. Although these major mining
companies do some exploration work themselves, many of them rely on the junior
resource exploration companies to provide them with future deposits for them to
mine. By optioning or selling a deposit found by us to these major mining
companies, it would provide an immediate return to our shareholders without the
long time frame and cost of putting a mine into operation ourselves, and it
would also provide future capital for the company to continue
operations.
  The
search for valuable natural resources as a business is extremely risky. We can
provide investors with no assurance that the property we have in Nevada contain
commercially exploitable reserves.  Exploration for natural reserves
is a speculative venture involving substantial risk. Few properties that are
explored are ultimately developed into producing commercially feasible reserves.
Problems such as unusual or unexpected geological formations and other
conditions are involved in mineral exploration and often result in unsuccessful
exploration efforts. In such a case, we would be unable to complete our business
plan and any money spent on exploration would be lost.
   Natural
resource exploration and development requires significant capital and our assets
and resources are limited. Therefore, we anticipate participating in the natural
resource industry through the purchase or option of early stage
properties.   To date we have one property under option. We have
not yet conducted exploration on the property but we intend to initiate
exploration including mapping, sampling, surveying and drilling. There has been
no indication as yet that any mineral deposits exist on the property, and there
is no assurance that a commercially viable mineral deposit exists on our
property. Further exploration will be required before a final evaluation as to
the economic and legal feasibility is determined.
   12
   In the
following discussion, there are references to “unpatented” mining claims. An
unpatented mining claim on U.S. government lands establishes a claim to the
locatable minerals (also referred to as stakeable minerals) on the land and the
right of possession solely for mining purposes. No title to the land passes to
the claimant. If a proven economic mineral deposit is developed, provisions of
federal mining laws permit owners of unpatented mining claims to patent (to
obtain title to) the claim. If you purchase an unpatented mining claim that is
later declared invalid by the U.S. government, you could be
evicted.
  Exploration
Programs
 
 CX
Property Option Agreement
 
 Pursuant
to the Property Option Agreement, dated as of November 27, 2009, with MinQuest,
Inc. (“MinQuest”), a Nevada corporation, we have the option to earn a 100%
interest in the CX Property located in Nye County, Nevada, approximately, 80 km
north of Tonopah.  The CX Property consists of 72 unpatented mining
claims.  Annual option payments and minimum annual exploration
expenditures under Agreement are as noted below:
 Property
              
              WorkPayments
              
              ExpendituresUpon
      Execution of the Agreement
              $
              -
              $
              -By
      February 25, 2010
              
              20,000
              
              -By
      February 25, 2011
              
              20,000
              
              50,000By
      February 25, 2012
              
              20,000
              
              150,000By
      February 25, 2013
              
              30,000
              
              200,000By
      February 25, 2014
              
              40,000
              
              350,000By
      February 25, 2015
              
              50,000
              
              200,000By
      February 25, 2016
              
              50,000
              
              200,000By
      February 25, 2017
              
              50,000
              
              200,000By
      February 25, 2018
              
              50,000
              
              200,000By
      February 25, 2019
              
              50,000
              
              200,000By
      February 25, 2020
              
              100,000
              
              750,000$
              480,000
              $
              2,500,000
 
 Upon
execution of the Agreement MinQuest accepted a 90-day, non-interest bearing
promissory note from the Company for the initial $20,000 property option
payment.  The settlement date of the note is February 25,
2010.  At that time the Company will pay MinQuest $20,000 and
reimburse MinQuest for one year of the Property’s annual holdings costs in the
amount of $23,512.
  Regionally,
the CX Property lies within a clustered group of calderas considered part of the
Jefferson Mountain Caldera system.  The project area is underlain by a
Middle Tertiary (22-26Ma) caldera complex consisting of felsic ash-flow tuffs,
tuffaceous sediments, and intrusions. The property lies along the margin of one
of several nested calderast. Widespread alteration and mineralization coincides
with a district-scale, northeast-trending structural zone coinciding with a
caldera margin.  The CX Property is a volcanic-hosted,
low-sulfidation, silver-gold, and epithermal system extending for more than 5.5
km along a northeast-trending structural zone defined by alteration, veining,
gold-silver mineralization, faulting, and intrusions. Mineralization occurs in
quartz-vein stockworks and breccias within sericitized, argillized and
silicified volcanic rocks.  Arsenic, molybdenum, mercury, thallium,
and antimony are strongly elevated with gold and silver.  Base-metal
contents are low throughout the area. Strongly sericitized, alkali rhyolite
stocks with quartz veinlets containing gold-silver-moly mineralization are the
likely source of mineralization.
   13
   Between
1970 and 1990, approximately 100 holes were drilled on the CX
Property.  Over 70 of these holes tested the main resource area while
the rest tested the three remaining targets. Drill testing has been relatively
shallow, with only 8 holes known to be deeper than 800 feet (240m) all located
within the target area.  Since 1989 work on the project has been
limited to geologic mapping, rock chip sampling, geophysical surveys and
reinterpretation of targets.  Fieldwork by various groups identified
mineralization with variable Ag:Au ratios.  The rock-chip sampling
confirmed the presence of gold mineralization with a low Ag:Au ratio peripheral
to the known resource area.
   A
3-dimensional drill model of the resource was reportedly completed by Bullion
River Gold in 2004.  The model suggests that gold-silver
mineralization remains open along strike and at depth of the target
area.
  Results
of Operations
 
 We did
not earn any revenues during the three or nine-months ended December 31, 2009 or
2008.  We do not anticipate earning revenues until such time as we
have entered into commercial production of our mineral property.  We
are presently in the exploration stage of our business and we can provide no
assurance that we will discover commercially exploitable levels of mineral
resources on our property, or if such resources are discovered, that we will
enter into commercial production of our mineral property.
 
 For the
nine months ended December 31, 2009 we had a net loss of $79,081 compared to
$40,910 in the corresponding period in 2008.  The increase in the net
loss was largely due to the acquisition of the CX Property.  On
November 27, 2009 the Company entered into a property option agreement with
MinQuest Inc. (MinQuest’) for the CX Property.  The Company recognized
the $20,000 property option payment due upon the execution of the CX Property
Agreement and the related $23,512 in annual claims and filing
fees.  The Company issued a non-interest bearing promissory note to
Minquest that is due February 25, 2009.  At that time the Company will
pay Minquest a total of $43,512 for the option payment and the annual property
holding costs.  The Company did not have any mineral property
acquisition and exploration expenditures in 2008 as at that time the Company had
not yet become a mineral exploration business.  General and
administrative expenses decreased to $35,194 in the nine-months ended December
31, 2009 from $40,910 in the same period in 2008.
 
 For the
three months ended December 31, 2009 we had a net loss of $62,876 compared to
$4,260 in the corresponding period in 2008.  The increase in the net
loss was largely due to the acquisition of the CX Property and related claim and
filing fees that took place in the third quarter of 2009.  The Company
did not have any mineral property acquisition and exploration expenditures in
2008 as at that time the Company had not yet become a mineral exploration
business.  General and administrative expenses increased to $19,364 in
the three-months ended December 31, 2009 from $4,260 in the same period in
2008.  The increase was due to a higher administrative expenses
associated with setting up a new office and various regulatory expenses related
to the Company’s name change, stock split, and management changes.
 
 Liquidity and Capital
Resources
 
 We did
not have any cash as of December 31, 2009. We anticipate that we will incur the
following expenses over the next twelve months:
 
 ·
              $90,000
      in property option payments, annual claim filing fees, and exploration
      expenditures on the Company’s
properties;
 
 ·
              $10,000
      for operating expenses, including working capital and general, legal,
      accounting and administrative expenses associated with reporting
      requirements under the Securities Exchange Act of
  1934.
 
 Net cash
used in operating activities during the nine months ended December 31, 2009 was
$2,170 compared to $34,910 during the nine months ended December 31,
2008.  Although the net loss in 2009 was $79,081 compared to $40,910
in 2008, the decrease in cash used in operating activities in the current period
was largely a result of an increase in accounts payable of $56,911 compared to
an outflow from accounts payable of $1,500 in 2008.  In addition, the
Company issued a $20,000 non-interest bearing promissory note upon the signing
of the CX Property Option Agreement.  The issuance of the promissory
note was a non-cash item.  Cash received from financing activities was
$1,830 in 2009 compared to $3,000 in 2008.  During 2009 the Company
received $1,830 from its note payable while in the previous nine months a total
of $3,000 was received.  The note balance of $17,330 was forgiven upon
the reorganization of the Company.  There were no investing activities
for either of the nine months ended December 31, 2009 or 2008.
  14
  On
January 25, 2010 the Company completed a private placement issuing 550,000 units
at $0.15 per unit for total proceeds of $82,500.  The units were
offered by the Company pursuant to an exemption from registration under
Regulation S of the Securities Act of 1933, as amended.  Each unit
consists of one common share of the Company and two non-transferable share
purchase warrants, designated Class A and Class B.  The Class A
warrants are exercisable at a price of $0.25 per share and the Class B warrants
are exercisable at a price of $0.50 per share.  The Class A warrants
are exercisable commencing January 25, 2011 and the Class B warrants are
exercisable commencing January 25, 2012.  Both the Class A and Class B
warrants expire on January 25, 2015.
 
 Going Concern
Consideration
 
 As shown
in the accompanying financial statements, the Company has incurred a net loss of
$135,911 for the period from May 11, 2007 (inception) to December 31, 2009, and
has no sales.  The future of the Company is dependent upon its ability
to obtain financing and upon future profitable operations from the development
of its mineral property.  Management has plans to seek additional
capital through a private placement and public offering of its common
stock.  The financial statements do not include any adjustments
relating to the recoverability and classification of recorded assets, or the
amounts of and classification of liabilities that might be necessary in the
event the Company cannot continue in existence.
  There is
substantial doubt about our ability to continue as a going concern. Accordingly,
our independent auditors included an explanatory paragraph in their report on
the March 31, 2009 financial statements regarding concerns about our ability to
continue as a going concern. Our financial statements contain additional note
disclosures describing the circumstances that lead to this disclosure by our
independent auditors.
 
 Off-Balance Sheet
Arrangements
 
 We have
no off-balance sheet arrangements.
 
 Item
3.  Quantitative and Qualitative Disclosure About Market
Risk.
 
 Smaller
reporting companies are not required to provide the information required by this
Item.
 
 Item
4.  Controls and Procedures.
 
 Evaluation of Disclosure
Controls and Procedures
 
 Our  disclosure
controls and procedures are designed to ensure that information required to be
disclosed in reports that we file or submit under the Securities Exchange Act of
1934 is recorded, processed, summarized and reported within the time periods
specified in the rules and forms of the United States Securities
and  Exchange  Commission. Our Chief Executive Officer
and  Chief  Financial Officer have reviewed the
effectiveness  of  our "disclosure
controls  and  procedures"  (as  defined   in   the
Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of
the period covered by this report
and  have  concluded  that our disclosure controls
and procedures are effective to ensure that
material  information  relating  to  the  Company  is  recorded,
processed,  summarized, and reported in
a  timely  manner.
 
 Changes in Internal Controls
over Financial Reporting
 
 There
have been no changes in the Company's internal control over financial reporting
during the last quarterly period covered by this report that have materially
affected, or are reasonably likely to materially affect, the Company's internal
control over financial reporting.
 
  15
  PART II -
OTHER INFORMATION
 
 Item
1. Legal Proceedings.
 
 There are
no pending legal proceedings to which the Company is a party or in which any
director, officer or affiliate of the Company, any owner of record or
beneficially of more than 5% of any class of voting securities of the Company,
or security holder is a party adverse to the Company or has a material interest
adverse to the Company.  The Company’s property is not the subject of
any pending legal proceedings.
 
 Item
1A. Risk Factors.
 
 Smaller
reporting companies are not required to provide the information required by this
Item.
 
 Item
2. Unregistered Sales of Equity Securities and Use of Proceeds.
 
 None.
 
 Item
3. Defaults upon Senior Securities.
 
 None.
 
 Item
4. Submission of Matters to a vote of Security Holders.
 
 None.
  Item
5. Other information.
 
 The
Company does not have any procedures by which security holders can recommend
nominees to the Board of Directors.
 
 Item
6. Exhibits.
 
 Exhibit
31.1 - Certification of Principal Executive and Financial Officer pursuant to
Rule 13a-14 of the Securities and Exchange Act of 1934 as amended, as adopted
pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
 
 Exhibit
32.1 – Certification of Principal Executive and Financial Officer Pursuant to 18
U.S.C Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act
of 2002.
 
 
  16
  
 
 SIGNATURES
 
 Pursuant
to the requirements of the Securities Exchange act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
 
 Date:   February
      9, 2010
                
                RANGER
      GOLD CORP.
                
                By:  /s/ Gurpartap Singh Basrai
                Gurpartap
      Singh Basrai
                President,
      Chief Executive
                Officer,
      Secretary and Treasurer
                (Principal
      Executive, Financial, and Accounting
Officer)